Whitepaper: Proposed Quality of Financial Advice Rating System

A new quality of advice rating system to be released by Adviser Ratings, will assess 1,800 financial advice licensees in Australia. The rating system will discriminate across advice providers based on quality and risk, enhancing the clarity and consistency of information used by consumers in selecting a financial adviser. This initiative follows consultation with government, regulators and industry and is backed by a government grant. The ratings methodology is described in a white paper released today for industry feedback.

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